A new $1.5 billion initiative aims to help homeowners threatened with foreclosure as the numbers show improvement. The government threw a $1.5 billion lifeline to unemployed and underwater homeowners on Friday, amid a new report suggesting the nation’s foreclosure crisis may be easing. Under the initiative, Florida and four other states that have seen home […]
Tag: Hollo School of Real Estate
Half of homes in South Florida sell for a loss.
Nearly half of South Florida homes sold in December did so at a loss, a 4 percent increase from the previous year and a “disturbing” sign for anyone with a home on the market. The data, released this morning by analysts at Zillow.com, evaluated sales by region, county and ZIP code — a measure that […]
Faculty Notes
School of Accounting Stephen Lin, associate professor and Knight Ridder Center Research professor; and assistant professors Abijit Barua and John (Changjiang) Wang, won a highly competitive “IFRS (International Financial Reporting Standards) Ready” award from the PricewaterhouseCoopers Charitable Foundation to fund their curriculum development proposal titled “Integrating IFRS in both accounting-major undergraduate and Master of Accounting […]
Real estate investors help student organization rebuild.
Whether or not the local real estate market has rebounded, the Real Estate Student Association (RESA) at Florida International University (FIU) definitely has. Under the organization’s new executive board and its president, Dan Berkovitz, the group recently held its first 2009-10 school year event, titled “Investing in Commercial Real Estate,” and it was a “big […]
American Real Estate Society Member Profile: William G. Hardin III
Bill’s first experience to real estate dates back to when he was a youth riding around the outskirts of Atlanta in a car with his Grandfather looking for land investments. After graduating from The Webb School in Bell Buckle, TN in 1979, Bill attended the University of North Carolina at Chapel Hill where he majored […]
Real Estate Portfolio Magazine Q&A with William Hardin.
Q&A with William Hardin, Florida International University William Hardin is professor of finance and real estate and director of real estate programs at Florida International University, and a member of the board of directors of the American Real Estate Society. He has authored or co-authored some 40 papers on varied topics in commercial real estate […]
Homeowners walking away from underwater mortgages.
Many South Florida homeowners who can afford to make their mortgage payments are choosing not to, forcing the lender to foreclose. It’s called strategic default. Andres Duque thought he got a real steal when he paid $125,000 for his Little Haiti condo. But four years later, similar units are selling for $35,000 and even less. […]
Commercial loans' health key to banking recovery here.
Full recovery of the banking industry in South Florida depends on the extent of losses from commercial real estate loans now coming due and on how much capital banks are able to come up with, experts say. While the fallout from bad residential mortgages seems to have crested, “the other shoe – commercial mortgages – […]
Eight faculty members add promotion to their list of accomplishments.
The College of Business Administration congratulates eight faculty members on their recent promotions to the next rung of the academic ladder. The following were promoted from associate professor to full professor: Irma Becerra-Fernandez, Department of Decision Sciences and Information Systems, Knight Ridder Research Professor of Management Information Systems and director, Eugenio Pino and Family Global […]
To buy or not to buy? To sell or not to sell? Assessing South Florida’s real estate market.
William Hardin Buy. Sell. Sit tight for now. What signals the right move to make in today’s South Florida real estate market? William Hardin, professor, Finance and Real Estate Department and director, real estate programs in the College of Business Administration, confirms that selling now does not make sense for most property owners. “In the […]